IMPACT Silver (CVE:IPT) Shares Down 15.8% - Here's Why

Key Points

• IMPACT Silver Corp. (CVE:IPT) shares dropped by 15.8%, closing at C$0.32 after trading as low as C$0.32 during the day.
• The trading volume surged to approximately 3.88 million shares, an increase of 777% from the average daily volume.
• IMPACT Silver has a market capitalization of C$88.14 million and is involved in the exploration and processing of minerals in Mexico, including silver, lead, zinc, and gold.

IMPACT Silver Corp. (CVE:IPT - Get Free Report) fell 15.8% during trading on Wednesday . The company traded as low as C$0.32 and last traded at C$0.32. 3,878,245 shares were traded during trading, an increase of 777% from the average session volume of 442,355 shares. The stock had previously closed at C$0.38.

IMPACT Silver Price Performance

The company has a quick ratio of 7.14, a current ratio of 2.09 and a debt-to-equity ratio of 0.48. The stock's 50-day simple moving average is C$0.35 and its two-hundred day simple moving average is C$0.25. The company has a market capitalization of C$84.84 million, a price-to-earnings ratio of -15.40 and a beta of 1.44.

About IMPACT Silver

IMPACT Silver Corp. engages in the exploration, development, and mineral processing activities in Mexico. The company produces silver, lead, zinc, and gold deposits. It owns interest in the Royal Mines of Zacualpan and the Capire Mineral District together covering an area of approximately 211 square kilometers located in central Mexico.